Pinterest (PINS) to Release Earnings on Tuesday

Pinterest (NYSE:PINS) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Pinterest has set its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. On average, analysts expect Pinterest to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pinterest Stock Performance

The stock’s 50 day moving average is $34.79 and its 200 day moving average is $34.08. Pinterest has a fifty-two week low of $20.60 and a fifty-two week high of $41.60. The firm has a market capitalization of $22.00 billion, a PE ratio of 216.00, a P/E/G ratio of 4.44 and a beta of 0.99.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Argus upgraded Pinterest from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, January 18th. Stifel Nicolaus upped their target price on Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Wedbush lifted their price target on Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Pinterest in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.97.

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the transaction, the director now directly owns 74,215 shares in the company, valued at approximately $2,789,741.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,471 shares of company stock worth $6,525,231. Insiders own 6.85% of the company’s stock.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.